At the beginning of the current season on April 1, the records of Concord Pro Shop showed Cash $2,660, Inventory $3,500, and Common Stock $6,160. The following transactions occurred during April 2017 Apr.5 Purchased golf bags, clubs, and balls on account from Arnie Co.$1,700. 9 Received credit from Arnie Co. for merchandise returned S600 10 Sold merchandise on account to members $1,410. The merchandise sold had a cost of $780. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $870. 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $70. 20 Made sales on account to members $810. The cost of merchandise sold was $550. 21 Paid Woods Sportswear in full. 30 Received payments on account from members $1,380. Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Inventory, Accounts Payable, Common Stock, Sales Revenue, Sales Returns and Allowances, and Cost of Goods Sold. Enter the beginning balances in the summary Assets Stockholders' Equity Retained Earnings Cash Accts. Rec. Inv. Common Stock Rev. Bal Apr. 1 Record the April transactions using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45), Assets Liabilities Stockholders' Equity Retained Earnings Exp. Cash Accts. Rec. Inv. Accts. Pay Common Stock Rev. Apr. 1$ 10 12 14 17 20 21 30 Prepare an income statement through gross profit for the month of April 2017. CONCORD PRO SHOP Income Statement (Partial)